Baltimore Thrive Proposes Land Value Tax Shift

Baltimore Thrive advocates a Tax Shift that would gradually reduce taxes on homes and other buildings while shifting the tax onto land values which are created by public goods, services, and nature. The result is lower taxes for residents and businesses and higher taxes for absentee land speculators.
The Tax Shift (aka the “split-rate property tax”) has worked well in several communities in Pennsylvania and many other communities around the world. This type of tax shift creates more incentives for affordable housing, small businesses, and brings about more job creation without any new spending or any loss in revenue!
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Land value tax is one of the best policies any city can adopt. I can’t imagine how much new development would spur in Baltimore if we finally taxed blight